07-02-2007, 12:58 PM
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#384 (permalink)
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 Site Administrator
Join Date: Jan 2001
Location: East Lansing, MI
Posts: 44,794
 Harlon Barnett
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So much for people predicting doom and gloom for the iPhone's launch...
Blackfriars' Marketing
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iPhone first weekend sales now represent the largest consumer electronics product launch in history as measured by dollar value
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Estimate puts iPhone sales at 500,000 in opening weekend - Jul. 2, 2007
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NEW YORK (CNNMoney.com) -- Opening weekend sales of iPhones may have reached 500,000, according to an analyst's estimate, as Apple's much anticipated product saw sales that lived up to and even exceeded its hype.
Piper Jaffray's Gene Munster released a report Sunday night estimating that the iPhone sales would reach that mark through the close of business Sunday. He had previously forecast first weekend sales of 200,000 of the device, which sells for either $499 or $599.
"Overall, Apple met strong demand over the weekend with adequate supply," he wrote in the report. "We were surprised by the rate at which Apple was able to sell the handsets, with 50 cashiers processing up to 1,000 iPhones an hour in some stores."
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